Pls. answer!

1319 views 10 replies

hi

If i pays Rs. 1000/- per month to courier service provider.......thn amoutn woulb be 12000/- PM........so we need not to deduct the TDS..............but after paying 11000/- (ie: 1000/- pm) in the month of March if i pay 18000/- more for couriering services then shud i deduct the TDS on 18000/- or on whole amount of rs. 29000/-??????

 

and in another case if i pay 15000 & 15000 in two installments (like advance payment for whole year) to courier service provider so shud i deduct TDS on whole amount???????????

 

Thanks in advance!

Replies (10)

U/s194C u need to deduct the amount where the single payment exceeds Rs.20000/- (Rs.30000 from 1st July 10) r Rs.50000/- (Rs.75000/- from 1st July 10) aggregate during   the financial year.

in the both d cases u need not to deduct TDS, as the payments for the year r within the limits

You need not to deduct tax in both the case as you are within the limits of sec 194C.

 Agreed with SRINIVASA MURTHY Reply.

 

TDS will not be deducted in both the cases as in the both  cases are within the limit.

hi

But If i pays Rs. 1000/- per month to courier service provider.......thn amoutn woulb be 12000/- Pa........so we need not to deduct the TDS..............but after paying 11000/- (ie: 1000/- pm till march ) in the month of March if i pay 70000/- more for couriering services then shud i deduct the TDS on 70000/- or on whole amount of rs. 81000/-??????

 

Thanks in advance!

Rs.81000/- as this is the total payment for the financial year.

You deduct tds whole amt. of 81000 not only 70000.

Agree with SRINIVASA MURTHY

U need to deduct TDS on the whole amount.

Yes, u have to deduct TDS for the whole amount...

Yes TDS to be deducted on total 81000/-

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